Managers of Wealth Offshore

Jersey tax adviser who used client funds to buy F1 car jailed

The court heard how Arthur used the money to fund a formula 1 Ferrari racing car, to pay off tax bills and to make personal investments.

Guernsey legal and regulatory update - Mourant

The Commission is seeking feedback on the structure of the Code and more particularly whether there are any specific markets which the Code should identify, the rules and regulations of which the Royal Court may consider should the relevant activity occur

Mourant advises on sale of Nerine to PraxisIFM

The leading offshore firm's Corporate team in Guernsey advised the sellers on all Guernsey elements of the transaction including corporate, regulatory and competition.

An overview of digital asset legislation - Appleby

First Published in The Royal Gazette, Legally Speaking, June 2018

Appleby Supports Marketing Apprenticeship Scheme for Second Year Running

Applications for the marketing apprenticeship at Appleby are now open, with the successful candidate due to begin over the summer.

Switzerland returns $1.2bn looted from Nigeria

Mr Mayoraz praised Switzerland's contribution to the anti-corruption campaign of President Muhammadu Buhari.

Appleby ranked 20th in top 30 Global Restructuring firms

In 2017, Appleby was a winner in the ‘small or regional law firm that impressed’ category at the GRR Inaugural Charity Awards Gala in London

Carey Olsen win at The Lawyer Awards

Carey Olsen has been named Offshore Law Firm of the Year at The Lawyer Awards 2018 – having also won the award in 2017.

New double tax agreement between Cyprus and Andorra

Like many of Cyprus's recent double tax agreements, the agreement with Andorra includes comprehensive provisions regulating the taxation of offshore hydrocarbon exploration and exploitation activities.

CCJ to hear two important cases from Belize this week

That Justice is Samuel Awich.

Ogier acts in China's biggest IPO in years

Foxconn Industrial Internet, which makes electronic devices, cloud service equipment and industrial robots, is a subsidiary of the world’s largest contract manufacturer Foxconn.

Lessons from Pugachev – trust considerations

The Protector also had positive powers such as to add beneficiaries and to remove trustees with or without cause.

Appleby advises on two award winning restructuring deals

The Appleby team was led by Counsel David Bulley alongside Partner, Tony Heaver-Wren and Senior Associate Jeremy Snead.

Beneficial Ownership Registration in Bermuda, The British Virgin Islands and Cayman Islands

The beneficial ownership registration regime has gone live in Bermuda, The British Virgin Islands (BVI) and Bermuda.

Recent Decisions from the Cayman Islands in Merger Valuation Disputes

In a judgment dated 25 April 2017 in Re Shanda Games Limited, Mr Justice Segal found the fair value of the company’s shares to be more than double the amount paid in the merger in November 2015.

Appleby advise on offshore aspects of £150m sale of Lombard Division

Working alongside lead counsel Addleshaw Goddard, Appleby provided multi-jurisdictional advice on the transaction, evidencing the collective strength of the team across the jurisdictions.

French bank SocGen says has wound down contracts with Mossack Fonseca

In March, Mossack Fonseca announced it would be shutting down due to the economic and reputational damage inflicted by the scandal.

Guernsey court limits trustee tax error rule

Only if this condition is established, can a court use its discretion to correct the decision.

Ogier advises on £3.9 billion UBM deal

The transaction brings together two leading companies in the business-to-business events organising sector.

Guernsey Court of Appeal provides an avenue of escape to tax advisors and trustees

The Court of Appeal therefore proceeded on the assumption (but without expressly deciding) that Guernsey law was as Pitt v Holt.